A far weaker-than-expected read from the Philadelphia Fed - for the moment - is bailing the Treasury market out of what was shaping up to be an ugly day.
Following estimate-beating prints on jobless claims and flash PMI, the 10-year yield had shot higher by 6 basis points to 2.85%, but the weak Philly read has it back to 2.82%.
New Orders fell to 11.8 from 27.5. Shipments 5.6 vs. 20.4. Unfilled orders of -4.2 vs. 9.1. Employees 1.1 vs. 15.4. The future general activity index dives to 45.8 from 63.8.
Treasury ETFs: TBT, TLT, TMV, SHY, IEF, TBF, PST, EDV, TTT, TMF, TLH, ZROZ, SBND, IEI, DLBS, TYO, DTYS, VGLT, UST, SHV, BIL, UBT, TLO, TBX, VGSH, VGIT, FSA, LBND, GSY, DTYL, SCHR, TYD, SCHO, ITE, TENZ, TYBS, TUZ, FIVZ, DTUL, SST, DTUS, TBZ, DFVL, DLBL, DFVS, TYNS